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PPP Loan Data — Millenium Rehab & Consulting Group Inc.,
Des Moines, IA
Millenium Rehab & Consulting Group Inc.
Entity: Subchapter S Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Des Moines, IA
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Millenium Rehab & Consulting Group Inc. is a subchapter s corporation located at 4725 Merle Hay Rd in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,866,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
306Loan Approved:
2020-04-08Lender:
COMMUNITY SAVINGS BANKMillenium Rehab & Consulting Group Inc. in Des Moines, IA received a Paycheck Protection Loan of $2.87M through COMMUNITY SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Millenium Rehab & Consulting Group Inc.'s total 2019 payroll expenses were approximately $13.76M in order to qualify for the PPP loan amount received.
Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $44,963 per employee1.
Business Information - Millenium Rehab & Consulting Group Inc. in Des Moines, IA
4725 Merle Hay Rd
Des Moines, IA 50322
Business Industry
Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IA-03Similar Companies near Des Moines
In the Des Moines area, 4 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 306) and received an average PPP loan of $732,815 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
Champions Recovery Room And Physical Therapy LLC
Urbandale, IA
Optimum Performance Physical Therapy, LLC
Urbandale, IA
Kinstrong LLC
Urbandale, IA
Industry PPP Comparison Statistics
Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 97% lower than Millenium Rehab & Consulting Group Inc.'s reported 306 employees, and received an average PPP loan of $79,587, 97% lower than this company's loan of $2.87M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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